Coinsquare set to expand to Europe in Q4 2018

coinsquare

Cryptocurrency exchange Coinsquare announced it is set to expand into Europe in Q4 2018.

Coinsquare customers in Europe will receive access to the company’s suite of cryptocurrencies, which includes bitcoin, bitcoin cash, ethereum, litecoin, XRP, dogecoin, and dash.

“Entering on a massive market like the EU is an exciting step closer to Coinsquare’s vision of becoming a global 21st century financial institution,” said Cole Diamond, CEO of Coinsquare. “Already the premier cryptocurrency exchange in Canada, we are careful in how we expand internationally to ensure we can offer the same high quality, secure service in every country we operate.”

“Entering on a massive market like the EU is an exciting step closer to Coinsquare’s vision of becoming a global 21st century financial institution.”
– Cole Diamond, CEO of Coinsquare

Coinsquare said the announcement marks its first international expansion under the Coinsquare brand; however, the company has previously entered the global cryptocurrency market through partnerships. In July, Coinsquare partnered with global blockchain investment bank DLTα 21 to launch a digital currency trading platform in Japan.

“Cryptocurrency investors globally want a platform they can trust,” said Thomas Jankowski, who joined Coinsquare as chief digital and growth officer last month. “Coinsquare is a regulated, fully-compliant trading platform and we’re thrilled to offer the European market the same secure and intuitive interface that we offer to Canadians.”

Last month, Coinsquare launched Coin Capital Investment Management (Coincapital), a new subsidiary dedicated to investment management in blockchain, AI, and other cryptocurrencies.

Coinsquare raised a $10.5 million Series A investment in December 2017, and a $30 million equity financing round with Canaccord in February 2018. Earlier this year, Coinsquare also reported that it’s working to raise $150 million through an IPO.

Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.